Never miss out on a great deal again. Set up deal alerts for your favorite stores, categories, or products and we'll instantly alert you when a new deal is posted. Here are a few of our most popular alerts. Give one a try.

This allows some well qualified individuals to refinance or purchase a home at 3.125%* for no cost or even get a credit (they pay you!) towards closing.

Here at Slickdeals, we've actually had several employees use Box Home Loans, and after realizing it was such a good deal, we reached out to them to see if they could offer something even sweeter to our users. We've done a lot of comparison shopping for our own personal homes and Box Home Loans have always been the lowest (so far!) in fees, closing costs and rates! From our personal experience, its fast and no-nonsense.

Box Home Loans services the following states:

Arizona

California,

Colorado,

Idaho,

Nevada,

New Mexico,

Oregon,

Texas,

Utah

Washington

To give you guys an idea of the rate comparisons we did some research today*: RATES ARE ALWAYS CHANGING SO BE SURE TO CHECK THE BOX HOME LOANS WEBSITE FOR CURRENT RATES - ITS EASY, NO EMAIL NECESSARY JUST PLUG IN THE NUMBERS.

Community Wiki

Last Edited by mrkk
July 19, 2013
at
03:44 PM

If you walk away AFTER locking the rate it would cost you about 1000$ (some fee and appraisal costs)

Now offered in AZ!!

Box Home Loans BAD EXPERIENCE -
Just a FYI I had a bad experience using box. I was getting a ~400k loan on my house worth over 1 million and they refused to close the loan because 1 of 3 bathrooms was not complete, even though the "as-is" appraisal on my house was still ~1 million. After wasting my time I used CashCall got the same same rate and they funded the loan with no problems whatsoever...

IF INTERESTED IN PROVIDENT.com, sign up with perkspot and get code for .25 rebate which is $250.00 for each 100K in loan value.

Box Home Loans only charges $149* in total lender and broker fees for conventional loans, and $199 for FHA Loans. No origination fees. No underwriting fees. No wire fees. No junk. And no, we do not raise your interest rate to make up for the low costs.

Compare the Right Fees

Read carefully. This is where most shoppers get taken. There are three types of fees in a mortgage quote--lender fees, third-party fees, and prepaid/escrow items--and only some of these should affect your comparison. We will summarize each and tell you how you should compare them.

Lender Fees
Lender fees consist of two things: points/origination fees and "junk" fees. You must take both into consideration. I repeat: you must add them together. Some lenders brag about charging "no points" only to charge you an "admin" fee of $1,995. Or others might advertise, "no junk fees" only to charge you twice the points of another lender. You also must know the following about the two different kinds of lender fees:

Points and/or Origination Fees
There are subtle differences to points and origination fees, but for the sake of comparison, they should be viewed as the same thing. The most important thing to know about points and origination fees is that their amounts go up or down as the interest rate goes up and down. Generally speaking, the lower your rate, the more you pay in points or origination fees. The higher the rate, the less you pay in points.

Lender "Junk" Fees
Underwriting Fees, Admin Fees, Tax Service Fees, Flood Certification Fees, Pay-For-My-Trip-To-Hawaii Fees, yada yada yada. The list goes on and on. It is somewhat amusing to see what kind of fees lenders make up. Basically, these are any fees not charged by the third parties below. And if a broker tries to pass off his partnering lender's underwriting fee as a third-party expense, don't believe it. Essentially, all fees not charged by the appraiser, credit agency, title company, or attorney, are all considered lender fees.

Third-Party Fees

Third-party fees don't matter as much to your comparison because those fees are essentially the same no matter where you get your loan. In fact, it is illegal for a mortgage company to pad these third-party fees. These costs include the appraisal, credit report, title company fees, and government fees (recording, transfer taxes, tax stamps, etc). Third-party fees do vary somewhat from provider to provider. Not all title companies charge the exact same fees, for example. But the differences are minimal and typically not subject to change. Therefore, don't waste too much time haggling over these. Haggle over the stuff that matters—lender fees!

Prepaid/Escrow Items

Prepaid/escrows items should have ZERO bearing on your comparison between two lenders. They represent the amount collected either to pre-pay (or escrow) your taxes, insurance, and interest. The amount a lender can collect for these items is highly regulated by the federal government, and does not fluctuate significantly from lender to lender. Yes, it is critical to understand the amount required for these items, but worry about this after you have chosen your lender.

To compare one lender with another, simply add up the points, origination fees, and lender "junk" fees for each lender.

What separates Box Home Loans from the rest is our lack of fees. It is stunning, actually. The only fees you will see from us are the points or lender credit associated with your rate and a processing fee of $149 for conventional loans and $199 for FHA loans.

Finally, whether you choose Box Home Loans for your next mortgage, these three comparison rules—Same Day, Same Rate, Right Fees—will prove invaluable as you shop for your next mortgage. Never again will you have to ask yourself, "Did I just pay too much?"

For everything else, make sure you're comparing the same rates, same values, and on the same day! It matters!

----

NOTE on CURRENT RATESMake sure to check these rates OFTEN. Rates are RISING FAST this week, specifically yesterday.

Wanted to chime in and say I bought a home using Box Home Loans; it was a simple process, easy and they were communicative. Because it was a short-sale it got dragged out by the banks and various third parties (not Box Home Loan's fault), but they were always on-top of it and helpful.

I had an issue where I originally applied with a co-borrower, and mid-process decided to try it on my own. They were able to do this, but there was a bug in their system, so eventually even one of the founders personally stepped in to help fix it.

All in all, great rates, good service. Eventually my loan was sold to Penny Mac.

I signed yesterday on our house using Box Home Loans. They were fantastic on a HUD foreclosure purchase that has been delayed numerous times since September, BHL was ready to close our purchase 2 weeks ahead of HUD's 1st set closing date. Phone calls and emails were always returned the same day, worked with the same loan officer and processor after all documents were sent in. I found them thru here and would not hesitate to use them again. Having a scanner, printer and all financials ready to go will make the process with them fly by.

Anyone have a good suggestion on a 10yr refi and low closing cost? Everywhere I loo the lender either does not offer shorter than 15yr terms and lenders that do the closing fees don't make sense to refi.

DAMN! Nothing in South Carolina?! I've got a nearly 800 score last I checked.

I've been running into problems where lenders don't want to give me a refinance because my remaining loan is under $30k (it is only a $42k condo to begin with). I called Wells Fargo (where my loan is already located) and they said they can refinance me for $3,000 which seems like robbery. Any suggestions?

DAMN! Nothing in South Carolina?! I've got a nearly 800 score last I checked.

I've been running into problems where lenders don't want to give me a refinance because my remaining loan is under $30k (it is only a $42k condo to begin with). I called Wells Fargo (where my loan is already located) and they said they can refinance me for $3,000 which seems like robbery. Any suggestions?

My suggestion is to try to pay that thing off as quickly as you can and be mortgage free! A condo down payment around me would be way more than your purchase price. Bite the bullet and pay that sucker off if you can.

My suggestion is to try to pay that thing off as quickly as you can and be mortgage free! A condo down payment around me would be way more than your purchase price. Bite the bullet and pay that sucker off if you can.

Yeah but it would be nice to lock in a lower interest rate just in case I have to go back to minimum payments. It would be even sweeter if I could get approved for a higher loan amount so I could pay off student loans that are currently at a higher interest rate as well.

DAMN! Nothing in South Carolina?! I've got a nearly 800 score last I checked.

I've been running into problems where lenders don't want to give me a refinance because my remaining loan is under $30k (it is only a $42k condo to begin with). I called Wells Fargo (where my loan is already located) and they said they can refinance me for $3,000 which seems like robbery. Any suggestions?

Try Privident Funding (provident.com). They have been mentioned in this thread, and they cover SC. I am just about to close with them near Greenville in a week, and they have been very good. You can also get a discount with them if you go through Perkspot.com as well. Perkspot is free to join.

No offense OP but I'm an underwriter for Home Loans Refi and Purchases, and I did a purchase today for one of the "bigger" banks below prime @ 2.75% with an APR of 3.078%....Seller paid closing costs and 3.5% down. Not trying to hate on your deal and you can delete this comment if needed.

Try Privident Funding (provident.com). They have been mentioned in this thread, and they cover SC. I am just about to close with them near Greenville in a week, and they have been very good. You can also get a discount with them if you go through Perkspot.com as well. Perkspot is free to join.

Good Luck!

Provident is excellent but they want a 80/20 minimum ratio. I was 82/18 and no go.

Yeah but it would be nice to lock in a lower interest rate just in case I have to go back to minimum payments. It would be even sweeter if I could get approved for a higher loan amount so I could pay off student loans that are currently at a higher interest rate as well.

You are right, I just got excited on the thought that if I was in that situation I could be mortgage free Would definitely be nice to get a larger loan and get all the student loans paid off/dropped. I was considering this but I read online that it isn't always a wise choice. Th reason is because god forbid something happened where you couldn't pay your mortgage/student loans, a student loan can be put on hold and you can resume payment without too much issue. If you combined your total balance and put it on the mortgage and paid off all the school loan bills, you basically give up that ability to default on paying school loans if you couldn't pay them.

So the idea is, if you leave them separate and $hit hits the fan, you can stop paying your school loans and they wouldn't be taking your house. If you pay the loans and combine into your mortgage the same forgiveness rules don't apply anymore and you may loose it all.

Probably didn't explain that great, but you can probably get the idea i'm sharing from it. I don't know if this is good advice, but it made logical sense so I took it as good advice.

PS, I just refinanced with Provident less than a year ago. Process was smooth, they gave a closing credit, and the rate was great. So far they seem to be on top of all the payment notices/emails/updates, i'm happy so far.